Showing 1 - 10 of 97
corruption. We present a model of corruption and reform which shows that under some circumstances a particular gradualist reform … existing bureaucrats, thereby gaining their support for a reform effort that will ultimately reduce the distortions stemming … recent Chinese reform. …
Persistent link: https://www.econbiz.de/10005677510
In explaining the corporate governance performance of post-socialist companies, this article identifies four factors of influence: (1) pressure from majority shareholders, (2) pressure from outside minority shareholders, (3) pressure resulting from internationalization/ globalization and (4)...
Persistent link: https://www.econbiz.de/10005784597
This paper develops a model to investigate the welfare implications of barter in Russia and other transition economies …
Persistent link: https://www.econbiz.de/10005784686
average reform caused substantial costs in the short run, but had strong positive effects on long-run growth. Reforms focused …
Persistent link: https://www.econbiz.de/10011161367
corruption. We present a model of corruption and reform which shows that under some circumstances, a particular gradualist reform … their support for a reform effort that will ultimately reduce the distortions stemming from bureaucratic power. Thus, in the … context of reform, a one-time surge of corruption can be a prelude to a permanently reduced level of corruption in the future …
Persistent link: https://www.econbiz.de/10005784616
does not receive support in the ownership but the indicator of voucher privatization supports it. The initial conditions … from early 90's were not the driving the financial distress. The voucher-scheme privatization results in poorer corporate …
Persistent link: https://www.econbiz.de/10005784676
different political attitudes toward reform, the need of CIS governments to gain political support for reform and as a …
Persistent link: https://www.econbiz.de/10005784683
Can ambiguous property rights sometimes be efficient? Ambiguous property rights arises when owners' rights axe not guaranteed before hand. Instead, owners have to fight for actual control, ex pos. We show that China's highly successful non-state sector is a major example of ambiguous property...
Persistent link: https://www.econbiz.de/10005784694
The collapse of communism brought about previously inexistent product market competition in transition economies. This paper analyzes such rivalry with a focus on some specific features of these markets. While inviting foreign multinationals is always beneficial for local consumers, cost...
Persistent link: https://www.econbiz.de/10005784741
To ascertain the prevalence of soft budgets and to find causes of softness, we surveyed 251 privatized Mongolian enterprises, asking whether state aid was expected when financial difficulties arose. One quarter of the enterprises expected such soft-budget aid, a large proportion of which have...
Persistent link: https://www.econbiz.de/10005784807